MTECHTIPS:-Copper to trade in 405-419.2

MTECHTIPS:-Copper to trade in 405-419.2

MTECHTIPS-Copper trading range for the day is 405-419.2 Copper prices rallied as investors flooded into metals on expectations of capacity cuts in coal and aluminium in China. China’s imports of copper and copper products rose around 8 percent in July from last year as the availability of credit improved. Soaring global copper price could crimp China demand for imports. BUY COPPER AUG 2017 @ 413.00 SL 409.00 TGT 416.80-420.00. MCX

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